Just2Trade Broker Review – Is There a Cost to Lower Commissions?

Just2Trade Broker Review

Commissions & Fees

Trading Platforms

Research Tools

Customer Service

Executions & Routes

3.8

Summary

Just2Trade is a discounted brokerage firm, designed for the value-focused trader. Since 2010, the company has positioned themselves as the value brokerage. In this review, we've taken a look at whether a low fee broker can still provide a high quality service.

About Just2Trade

Just2Trade is a discounted brokerage firm founded in 2010, designed for the value-focused trader. At $2.50 per equity trade, they are undercutting all of their competition and positioning themselves as the value brokerage. What they lack in research and infrastructure, they make up for in low fees.

Type of Broker

Just2Trade is a super discount brokerage. Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, Just2Trade has very little infrastructure, opting for a more lean business to justify their low fees. They offer no advanced trading platforms, research, or on-demand customer service that a traditional discount brokerage firm would.

Account Minimums

Just2Trade’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money.

While the initial deposit requirement is not out of the ordinary, it is atypical for a broker to require an equity maintenance so close to the minimum initial deposit.

Commissions & Fees

Commission Prices (Equity)

Just2Trade has two different equity trade pricing models. One is a flat-rateper-trade model, and the other is a progressive per-share model.

Per-Trade Plan: $2.50 per trade

Per-Share Plan:

Minimum $0.50 per ticket

Volume (per month)

Commission Per Share

< 999,999 Shares

$0.0025

1,000,000 – 5,000,000 Shares

$0.0015

> 5,000,000 Shares

$0.001

Commission Prices (Options)

Similar to their equities pricing model, Just2Trade has both a per-trade and a progressive per-contract model.

Per-Trade Plan: $2.50 + $0.50 per contract

Per-Contract Plan:

Minimum $1.00 per ticket

Volume (per month)

Just2Trade Inc. Commission Per Contract

< 100,000 Contracts

$0.75

100,001 – 200,000 Contracts

$0.50

> 200,001 Contracts

$0.35

Software Fees

Just2Trade offers a multitude of trading platforms. The advanced trader is likely to find a platform they feel at home using at Just2Trade. Not only do they offer their own proprietary platforms, but they have access to industry standard platforms like MetaTrader 5.

Just2Trade +

Just2Trade + is their free advanced web-based trading platform, available to all clients. It offers all the basic features one would expect from a web-based broker platform, and then some. In addition to the staple features like candlestick charting, watch lists, and an option chain, the platform also features level 2 and time & sales.

Just2Trade Mobile

Just2Trade offers both iOS and Android versions of their mobile app. Both offer very basic functionality, but not any less than one would expect from a lower-end brokerage’s app. Actions like simple trade orders, simple charting and checking quotes are offered.

Other Trading Platforms Offered

In addition to Just2Trade’s platforms, they offer premium platforms, which they seemingly price in a discretionary matter. They have no pricing info on their website.

Third Party Platforms

Just2Trade allows subscribers of various popular third party trading platforms accessibility to their favorite platforms, a large selling feature for self-directed short term traders.

Sterling Trader Pro

OEC Trader

CQG Trader

iBROKER Mobile

Margin Rates

Debit Balance

Rate

$0.01 – $9,999

8.25%

$10,000 – $24,999.99

7.25%

$25,000 – $49,999.99

6.75%

$50,000 – $99,999.99

6.50%

$100,000 – $249,999.99

5.75%

$250,000 – $499,999.99

5.75%

$500,000 – $999,999.99

5.25%

$1,000,000 or more

5.00%

Research Tools

Because of their standing as a super discount broker, it would be unreasonable to expect Just2Trade’s research suite to stand up to a research-heavy broker like Fidelity. Additionally, this broker is more marketed to the self-directed trader who likely has their own research sources they pull from. With that being said, Just2Trade’s research offerings are very weak compared to the rest of the industry.

Just2Trades is a division of WhoTrades, which is a stock market social network similar to StockTwits

Customer Service

Similar to the research section, it would be somewhat unreasonable to expect top level customer service from a brokerage firm charing half the industry rate. That being said, their customer service reputation is less than stellar.

They offer toll-free phone service, email service, and a live chat bot. Many customers report rude and unhelpful customer service.

Executions & Routes

Type of Trader it is Best For

Just2Trade is best for the self-directed short term trader for whom $4.99 commissions from a big-five broker is too expensive. It is best if you have your own research sources that you pull from, as Just2Trade’s offerings are almost nonexistent. Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either. If a trader can put up with these drawbacks, they enjoy reduced commission rates.

About The Author

Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day.